false 0001844507 0001844507 2024-02-16 2024-02-16 0001844507 AVHI:UnitsEachConsistingOfOneShareOfCommonStockParValue0.0001PerShareAndOneRedeemableWarrantMember 2024-02-16 2024-02-16 0001844507 AVHI:CommonStockParValue0.0001PerShareMember 2024-02-16 2024-02-16 0001844507 AVHI:RedeemableWarrantsMember 2024-02-16 2024-02-16 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): February 16, 2024

 

 

 

Achari Ventures Holdings Corp. I

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-40906   86-1671207

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

60 Walnut Avenue, Suite 400

Clark, NJ 07066

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (732) 340-0700

 

Not Applicable

(Former name or former address, if changed since last report)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:[1]

 

Title of each class   Trading
Symbol(s)		  

Name of each exchange

on which registered

Units, each consisting of one share of common stock, par value $0.0001 per share, and one Redeemable Warrant   AVHIU   The Nasdaq Stock Market LLC
Common Stock, par value $0.0001 per share   AVHI   The Nasdaq Stock Market LLC
Redeemable Warrants   AVHIW   The Nasdaq Stock Market LLC

  

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

Item 8.01.  Other Events

 

Monthly Extension Option Exercise

 

On February 16, 2024, Achari Ventures Holdings Corp. I, a Delaware company (the “Company”), notified Continental Stock Transfer & Trust Company, the trustee of the Company’s trust account (the “Trust Account”), that it was extending (an “Extension”) the time available to the Company to consummate its initial business combination, from February 19, 2024 to March 19, 2024 (the “Second Extension”), pursuant to and in accordance with the terms of the Company’s Fifth Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) and the Company’s Third Amended and Restated Investment Management Trust Agreement (the “Trust Agreement”). The Second Extension is the second of up to six (6) one-month Extensions permitted under the Company’s Certificate of Incorporation and Trust Agreement.

 

Pursuant to the terms of the Company’s Certificate of Incorporation and Trust Agreement, on February 16, 2024, with respect to the exercise of the Second Extension, the Company deposited $22,037.64 into the Company’s Trust Account in connection with the exercise of the Second Extension. Such deposit with respect to the Second Extension was made using funds held outside of the Company’s Trust Account and available to the Company to fund working capital requirements. As of February 21, 2024 (and, for the avoidance of doubt, inclusive of the deposit of $22,037.64 into the Trust Account in connection with the exercise of the Second Extension as described above), the Trust Account held approximately $6,120,578.27.

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  

    ACHARI VENTURES HOLDINGS CORP. I
     
Dated: February 22 2024    
         
    By: /s/ Vikas Desai              
    Name: Vikas Desai  
    Title: Chief Executive Officer  

 

2

 

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Cover
Feb. 16, 2024
Document Type 8-K
Amendment Flag false
Document Period End Date Feb. 16, 2024
Entity File Number 001-40906
Entity Registrant Name Achari Ventures Holdings Corp. I
Entity Central Index Key 0001844507
Entity Tax Identification Number 86-1671207
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 60 Walnut Avenue
Entity Address, Address Line Two Suite 400
Entity Address, City or Town Clark
Entity Address, State or Province NJ
Entity Address, Postal Zip Code 07066
City Area Code (732)
Local Phone Number 340-0700
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company true
Elected Not To Use the Extended Transition Period false
Units, each consisting of one share of common stock, par value $0.0001 per share, and one Redeemable Warrant  
Title of 12(b) Security Units, each consisting of one share of common stock, par value $0.0001 per share, and one Redeemable Warrant
Trading Symbol AVHIU
Security Exchange Name NASDAQ
Common Stock, par value $0.0001 per share  
Title of 12(b) Security Common Stock, par value $0.0001 per share
Trading Symbol AVHI
Security Exchange Name NASDAQ
Redeemable Warrants  
Title of 12(b) Security Redeemable Warrants
Trading Symbol AVHIW
Security Exchange Name NASDAQ
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